The Dallas Fed survey reflects a lingering pessimistic outlook, but it's improved from the third quarter.
The current company outlook, still down at -15.2, is an improvement from -17.2 during the third quarter.
Capex plans for 2026 varied widely: large E&Ps plan flat spending while smaller producers expect slight increases.
You could squint at the sentiment that oil and gas executives shared in the Federal Reserve Bank of Dallas' fourth quarter survey and see a glass that's almost half-full.
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